Japanese Yen Edges Higher as Consumer Income Climbs
USD/JPY has posted considerable losses on Wednesday. In the North American session, USD/JPY is trading at 108.22, down 0.48% on the day. In economic news, Japanese Average Cash Earnings jumped to 2.0% in November, up from 1.5% a month earlier....
Australian Dwelling Approvals: Down Sharply, Extending Second Leg Lower
November –9.1%mth, –32.8%yr. Dwelling approvals moved sharply lower in November, with the pace of decline a downside surprise. Approvals slumped by 9.1% in the month, following a fall of 1.4% in October. – advertisement –
Approvals are now 32.8%...
US Dollar: Why 2019 Could Break Bulls’ Hearts
The pendulum of market sentiment swings ever back and forth between fear and greed, euphoria and despondency. Lately, it seems like the time it takes to shift from one to the other is about a year, at least when it...
Canada’s Trade Deficit Widens in November on Fall in Crude Oil Exports
Canada posted a $2.1bn trade deficit in November, down from an upward revised $0.85bn deficit in October (previously reported as a $1.2 billion deficit). This is a slightly bigger deficit than the consensus estimate of $1.95bn. The trade deficit was...
US: Small Businesses Confidence Moderates at the End of the Year, but Remains Upbeat Relative to History
The NFIB’s small business optimism index fell 0.4 points to 104.4 in December. The headline print came in a touch above market expectations for a 103-point showing. The index has drifted lower over the last four months, but remains elevated...
A Bit Of The Feel-Good Factor Has Temporarily Abated
Markets A bit of the feel-good factor has temporarily abated for local equity markets after Samsung Electronics quarterly sales missed the mark in what is yet another casualty of US-China tensions which has triggered a drop-in demand for memory chips...
The Powell ‘Put’ Continues To Resonate
Global equities were in modest demand throughout Monday and continued to bolster ASIA FX EM and G10 commodity currencies. Small-cap and technology companies led gains as optimism over a hopeful compromise on trade resonated. But given the uncertainty over trade,...
Yen Unchanged, US Services PMI Slips
The Japanese yen has started the new trading week with a yawn. In Monday’s North American session, USD/JPY is trading at 108.46, down 0.05% on the day. The sole U.S indicator, ISM Non-Manufacturing PMI, dropped to 57.6 in December, down...
Stocks Pause as Focus Shifts to Trade Talks
Last week’s stock market rally stemmed from the PBOC’s RRR cut, outstanding US employment numbers and Powell’s comments on patience and ability to shift stance quickly. Soothing comments from the Fed were the primary driver for equities, but that momentum...
The Feds Monetary Policy Reaction Function Is Yawing Dovish
Markets The Fed debate will rage on after a colossus NFP headline followed by Chair Powell speech which then went well beyond the market expectations by yawing dovish the Feds monetary policy reaction function. Fed Chair Powell’s dovish confirmation was...
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